A new tax on your savings

As 2010 approaches, another issue is emerging that should cause you to
consider your investment product choices. Canadians already pay the
highest mutual fund management fees in the world. Now, the proposed
Harmonized Sales Tax will be applied to these already lofty fees.
This is essentially a tax on savings. This issue is likely to become
highly political. Ultimately, it is one more reason for you to
consider if you are well served by paying these fees, or if you should
much more cost efficient solutions? If you are wondering if you have
outgrown your mutual funds, give me a call.